Panasonic to build $4B EV battery plant in Kansas for Tesla and more

• Site in Kansas, with $1 bln incentives, picked over Oklahoma
• Kansas sees 4,000 plant jobs, pending Panasonic board approval
• New plant not limited to Tesla supply - Ambassador Rahm Emmanuel

Panasonic said Wednesday it plans to build the world’s largest EV battery plant, a $4 billion factory in Kansas that will manufacture and supply lithium-ion batteries to EV makers.

The factory is slated to be larger than the Gigafactory it operates with Tesla in Sparks, Nevada, which is already one of the largest lithium-ion battery factories in the world.

The electronics supplier also aims to begin producing a high-capacity battery for Tesla in early 2024. Those batteries are expected to increase energy capacity fivefold, which could boost range by more than 15% and cut production costs.

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